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Diocesan Notes
 

Year of Grace
Updated 17/2/12
 
New Bishop of Toowoomba appointed - News Feed.
15/5/12
 

Horizons back issues updated as well as the latest edition is available.
15/5/12
 

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30/6/11

 
Outreach to the Future - A Bequest to the Diocese can be your legacy. Find out more about making a Bequest.

DDF Staff

Finance and Administration Office &
Diocesan Development Fund

Contact: Tom Jolley

 Email
Phone: (07) 4632 7589  
Fax: (07) 4632 2753  
       
Office Location: The Shrine Postal Address: PO Box 1262
  502 Ruthven Street   Toowoomba Qld 4350
  Toowoomba    
     
Office Hours: 8:30am - 5:00pm  
  24hrs notice for cash withdrawals from DDF Accounts

 

Activities undertaken in Finance and Administration include:

  • Administration support for various diocesan agencies.
  • Various financial services to parishes and diocesan agencies.
  • Financial services for the diocese.
  • Support of Parishes and Parish Finance Councils.
  • Management of diocesan properties.
  • Support of the Diocesan Finance Board.
  • Support of the Diocesan Building & Sites Committee.
  • Support of the Diocesan Priests Retirement Foundation.
  • Review of Capital Works process leading to acceptance of tenders and Contract signing.
  • Management of diocesan car scheme.
  • Support of Fundraising for the diocese.
  • Employment relations issues for diocesan agencies.
  • Relationship with the Australian Taxation Office.
  • Relationship with Catholic Church Insurances.
  • Liaison for Workplace Health and Safety.
  • Representation of the diocese at provincial and national finance and administration forums.
 

Diocesan Development Fund:

The Diocesan Development Fund (DDF) commenced operations in September 1967 principally to provide loan facilities to Catholic Schools within the Diocese of Toowoomba.  The purpose of the Fund is to maximize the use of Church funds and thus provide financial security for the Diocese and enable schools, parishes and diocesan works to be undertaken.  The principal operations of the Fund remain predominantly in the support of education services.

The major objectives are:

  • To combine the available church funds in the Diocese.
  • To broaden the base of investors by providing an opportunity for parishioners to share in the Church’s mission.
  • To effect savings to Schools, Parishes, Religious Orders and the Diocese in interest and in other costs of borrowing.
  • To have sufficient funds available to supply loans to meet the needs of the Diocese, particularly in Education.
  • To manage excess funds properly and profitably for the benefit of the Diocese.
  • To utilize any funds surplus to loan requirements to generate income for the Diocese.
  • To provide sound financial advice to Schools, Parishes, Religious Orders and Diocesan Agencies.

The Diocesan Development Fund has an important role to play in the financial stability of the Diocese of Toowoomba. The primary function of Catholic Development Funds throughout Australia has always been to provide a pool of funds from which low cost finance can be provided to parishes for the construction of buildings and the provision of other infrastructure. This primary function is as important today as it ever was.

Like many other Catholic Development Funds in Australia, the Toowoomba Diocesan Development Fund has become critically important for the annual recurrent operations of the Diocese. The Diocese provides a wide range of pastoral services to parishes, and parishioners throughout the diocese. The DDF is a major contributor of funding for these services.  Patronising the DDF is a way for parishes and individual parishioners to support these works which are of fundamental importance to the Church of the Toowoomba Diocese.

All investments are accepted AT CALL. Please contact the Fund Office for current interest rate. Rates may vary from time to time in response to market conditions.  Interest is paid annually on 30th June, is calculated on daily balances, and can be paid directly to depositors or credited to the depositor's account. There are no account keeping charges.

The Diocesan Development Fund (the Fund) is not subject to the provisions of the Corporation Act 2001 nor has it been examined or approved by or registered with the Australian Securities and Investments Commission. The Fund is not subject to the normal disclosure requirements of a financial institution. Deposits with the Fund are guaranteed by CDPF Limited, a company established by the Australian Catholic Bishops Conference for this purpose. We welcome your investment with the Fund rather than with a profit oriented commercial organisation as a conscious commitment by you to support the Charitable, Religious and Educational works of the Catholic Church.

In addition, neither The Corporation of the Roman Catholic Diocese of Toowoomba, nor the Diocesan Development Fund is prudentially supervised by APRA; contributions to the Fund do not obtain the benefit of the depositor protection provisions of the Banking Act 1959; and the Fund is designed for investors who wish to promote the charitable purposes of the Fund.

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